The council of the Institute of Chartered Accountant of India (ICAI) has issued the Indian Valuation Standards. These Indian Valuation Standards will be applicable for all valuation engagements on mandatory basis under the Companies Act 2013. In respect of Valuation engagements under other Statut...
CBEC vide Notification No. 1/2018-Central Tax and Notification No. 1/2018-Union Territory Tax dated 1st January, 2018,  has amended the tax rate for taxpayer opted composition scheme. Now, the Manufacturer shall be liable to pay total GST at the rate of 1% instead of 2% and for traders t...
The taxpayers whose aggregate turnover during preceding financial year exceeded Rs. 1.5 Cr or the new registrants who estimate their turnover to exceed Rs. 1.5 Cr during current financial year, have to file return on monthly basis. Filing of GSTR-1 for the tax period of August, 2017 and onwards i...
MCA has extended the last date for filing of Form CRA4, for the financial years starting on or after 1st April, 2016, without additional fees till 31st December, 2017. To read more click here ...
As many as 1.48 million taxpayers filed their returns on Monday. Though 44% of assessees are yet to file summary returns for October, the rate of compliance has gone up, compared to earlier months. To read more click here...
The Goods and Services Tax (GST) Council in its 23rd meeting held on November 10 had announced that meals at restaurants, both air-conditioned and non-air-conditioned will now attract only five per cent GST, which is much lower than 18 percent that had earlier applied to air-conditioned...
The government extended the last date for e-filing of income tax returns for those taxpayers who file audit reports till November 7. A senior official said the Central Board of Direct Taxes (CBDT) took the decision to extend the deadline by a week, considering the "representations made by va...
IDFC Bank and Shriram Capital had announced to combine their businesses in the first week of July this year. But both the financial groups are set to call off merger talks as both sides have failed to arrive at an acceptable valuation after four months of negotiations, regulatory misgivings and d...
To facilitate taxpayers, the late fee on filing of #GSTR-3B for the month of  August & September has been waived off. Late fee paid will be credited back to taxpayer's ledger....
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